Brooks Moore & Associates Inc. Purchases New Shares in Capital One Financial Corporation $COF

Brooks Moore & Associates Inc. purchased a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,988 shares of the financial services provider’s stock, valued at approximately $2,004,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth about $218,000. Finally, Jump Financial LLC bought a new position in Capital One Financial during the 2nd quarter valued at about $1,086,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $216.91 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $210.04 and its 200-day moving average price is $197.87. The firm has a market cap of $133.07 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. On average, equities research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio is presently 19.80%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a research report on Thursday, August 20th. Barclays cut their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Wolfe Research increased their price target on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, UBS Group raised their price target on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,267 shares of company stock worth $5,617,648. Insiders own 0.78% of the company’s stock.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.